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US Senate Majority Leader John Thune reportedly told Republican lawmakers that the chamber would address a bill on stablecoin regulation before the May 26 Memorial Day holiday.According to an April 29 Politico report, Thune made the comments in a closed-door meeting with Republican senators, who hol…
Despite growing competition from emerging issuers, the stablecoin market remains largely dominated by a few key players. According to data from Web3 research firm Nansen, Tether’s USDt continues to lead among US dollar-pegged stablecoins, even as competition intensifies.As of April 25, Tether has a…
Wallet provider MetaMask is launching a crypto payments card that will allow users to spend self-custodied funds, offering crypto holders additional ways to use their tokens.The new card is backed by Mastercard and is being developed in partnership with CompoSecure and Baanx, according to the compan…
Coinbase, the largest publicly traded cryptocurrency exchange, is waiving fees on transactions connected to PayPal's stablecoin and allowing its users to redeem the token directly for U.S. dollars, a major milestone for PayPal as the company doubles down on crypto payments. The move is part of a…
Payments behemoth PayPal plans to offer a 3.7% yield on balances held in its PayPal USD stablecoin.According to an April 23 Bloomberg report, a PayPal representative said that the measure aims to encourage more usage of the firm’s stablecoin. The new program is purportedly expected to launch this su…
The European Central Bank (ECB) raised an alarm over potential fallout from aggressive US support for the crypto industry, warning that a surge in dollar-backed stablecoins could destabilize Europe’s financial system.According to a policy paper seen by Politico, the ECB has asked for a revision of t…
Italy’s minister of economy and finance warned that US stablecoin policies are more concerning than President Donald Trump’s tariffs, citing the potential for these crypto assets to undermine the euro’s dominance in cross-border payments.Speaking at an event in Milan, Giancarlo Giorgetti said that w…
Stablecoins are the single best tool for the United States government to maintain the US dollar's hegemony in global financial markets, according to LayerZero Labs CEO and founder Bryan Pellegrino.In an interview with Cointelegraph, the CEO of LayerZero Labs, which created the LayerZero interoperabi…
Stablecoin firm Circle, the issuer of the USDC dollar-pegged token, might delay its planned initial public offering (IPO) amid macroeconomic uncertainty over US President Donald Trump’s trade policies, the The Wall Street Journal reported.Circle registered with the United States Securities and Exch…
Circle appears set to become the second-largest pure-play crypto firm to go public in the U.S., after filing a prospectus with the SEC on Tuesday. The move marks a tremendous step forward for the firm, which had canceled a previous attempt at a public listing through a SPAC merger during the last bu…
USDC stablecoin issuer Circle Internet Financial filed a prospectus for an initial public offering with the U.S. Securities and Exchange Commission on Tuesday, according to a filing.This comes a day after the company said it had confidentially submitted a draft registration statement S-1 form with t…
Crypto stablecoin issuer Circle Internet Group has filed with the US Securities and Exchange Commission to go public on the New York Stock Exchange.The USDC issuer is planning to list its Class A common stock under the symbol “CRCL,” according to its April 1 Form S-1 registration statement with the…